BAKU, Azerbaijan, June 16. Uneven economic and
social development across countries is widening amid global crises,
with a significant number of economies experiencing slower growth,
according to Haie Schütte, Deputy Director of the Development
Cooperation Directorate at the Organisation for Economic
Cooperation and Development (OECD), Trend's correspondent reports from the
event.
He emphasized that in recent years have seen notable divergence
in development trends, with some countries continuing to grow while
others face economic decline.
According to remarks made at the 14th Islamic Development Bank
Group Private Sector Forum in Baku, Schütte said around half of
OECD member countries are currently experiencing growth, while the
remainder are seeing deterioration in economic performance.
He said conflicts and ongoing crises are key factors shaping
these diverging outcomes.
According to Schütte, countries in sub-Saharan Africa remain
among the most vulnerable in terms of economic dynamics, while
health-related challenges continue to play a significant role in
development outcomes.
He added that strengthening monitoring systems and improving
data analysis are essential to better understand economic and
social trends.
According to Schütte, the OECD has been applying standardized
approaches to development assessment and monitoring for about a
decade.
He said improving data quality, analytical tools, and policy
evaluation frameworks remains a priority.
